July 31, 2018 / 5:00 AM / 3 months ago

HeidelbergCement Q2 operating profit rises 3 percent

ZURICH, July 31 (Reuters) - HeidelbergCement, the world’s second-largest cement maker, on Tuesday said core earnings rose 3 percent in the second quarter, citing growth in all of its businesses.

The group’s second-quarter result from current operations before depreciation and amortisation (RCOBD) came in at 936 million euros ($1.10 billion), lower than the 944 million euros average forecast by analysts in a Reuters poll.

Revenue rose 9 percent on a like-for-like basis to 4.81 billion euros, beating the 4.66 billion euros forecast.

“The positive market dynamics continued in the second quarter in all Group areas and led to growth in sales volumes in all business lines,” the company said in a statement. ($1 = 0.8535 euros) (Reporting by John Revill Editing by Maria Sheahan)

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